Labor Day always reminds me of the early 1970s and those visionary Detroiters who spent their union wages on Japanese cars.
“Playboy Interview: Frank Sinatra, February 1963″
- Can you imagine the deluge of crank letters, curses, threats and obscenities I’ll receive after these remarks gain general circulation?
- But you can’t make me believe that a machinist in Detroit, ending a 40-hour week, climbing into his ’63 Chevy, driving to a steak barbecue behind his $25,000 home in a tree-lined subdivision, about to begin a weekend with his well-fed, well-clothed family, is going to trade what he’s got for a Party card.
“South Korea’s Kia to invest $1 billion in Mexico”
- Mexico is a favorite spot for car makers, thanks in part to its relatively low wages, proximity to the United States and several free trade agreements with 45 countries.
- Last month, Germany’s BMW said it will spend $1 billion to build a new luxury car factory in San Luis Potosi state that will start production in 2019 as part of an effort to expand the company’s presence in the United States. BMW’s announcement came a week after Daimler and Renault-Nissan said they would spend $1.6 billion on a factory in Mexico to make premium compact cars for the Infiniti and Mercedes brands.
“Kia to build plant in Mexico by 2016″
- “Mexico, together with Korea, is one of the nations that made FTAs (free trade agreements) with as many countries. By having production plants there, Kia Motor will be able to export cars to those countries as well paying less tax,” said Shin Chung-kwan, an analysis at KB Investment and Securities.
“Automaker Kia to build $1 bn assembly plant in Mexico”
- “Having the option to invest in any country, a company of the prestige of Kia Motors chose Mexico to grow and expand its investments at the global level,” Peña Nieto said at the ceremony with Lee and Nuevo Leon Gov. Rodrigo Medina.
- “Besides its solid macroeconomic stability, Mexico has experience in the automotive industry,” the president added.
“Kia makes $1 billion bet on car factory in Mexico: Investment will allow more exports, too”
- Industry observers said the decision is also part of Kia’s effort to minimize the risks of a strong Korean won and labor disputes in Korea.
- This will be Kia’s sixth overseas plant. The affiliate of Hyundai Motor Group has three plants in China, one in Slovakia and one in the U.S. state of Georgia.
“First Chinese car factory opened in Brazil”
[Xinhua link -- August 29, 2014]
- When fully operational in 2018, the Jacarei plant will have a production capacity of 150,000 vehicles per year. The first model to be produced will be the Chery Celer, and the QQ model will follow next year. The Chery plant currently employs 300 people, a third of whom are former employees of GM’s Sao Jose dos Campos factory. When fully operational, it will have some 3,000 people.
“Cyanide Found in Dog Meat Sold to Restaurants, Zhejiang Court Hears”
[Caixin link -- August 29, 2014]
- One of the wholesalers was also on trial. Prosecutors accused him of selling 38 tons of tainted meat over the past two years to restaurants and other businesses. A defendant who worked in the butchering facility said most of the dogs were killed with an anesthetic. Police found levels of anesthetic in the frozen meat were so high they posed a threat to human health, the court heard.
Once upon a time, someone did not abandon you.
E-mail: DollarToTheGiant@Gmail.com for Fear-Fallen Children: “Dollar to the Giant” Chronicles & Comments June 2008 [#1] to Date [#1133] notably resisting America’s Shift from Wealth Creation to Wealth Transfer and Surrender.